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Alta Mira Corona Del Sol Duskfire Estate La Colina Pheasant Ridge Raintree Sandahl Sunburst Farms Tally Ho Farms Warner Estates

TEMPE, AZ 85284

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 85284

Alta Mira · Corona Del Sol · Duskfire · Estate La Colina · Pheasant Ridge · Raintree · Sandahl · Sunburst Farms · Tally Ho Farms · Warner Estates

Market Analysis

Data as of February 2026. Source: Realtor.com.

The TEMPE, AZ real estate market (85284) currently shows 56 active listings, with 17 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are selling faster, averaging 48 days on market compared to 53 days last year.

The median listing price has fallen 23.4% year-over-year, from $988,675 to $757,450.

Whether you are buying or selling in TEMPE, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 19,150  ·  Density: 945.2/mi²  ·  Median household income: $147,500

Typical home value: $587,091  ·  Homeownership: 82.9%

Market Overview

Active Listings
56
⇧ 40% vs 40 last year
Pending
17
30% pending ratio
Median Price
$757,450
⇩ 23.4% vs $988,675 last year
Average Price
$1,095,912
⇩ 19% vs $1,353,666 last year
Days on Market
48
⇩ 9.4% vs 53 days last year

Price Per Square Foot

Median $/sqft
$320
⇩ 3.3% vs $331/sqft last year
Median Home Size
2,567 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 40 last year
  • Days on market: 48 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $757,450 (-23.4% YoY)
  • Average: $1,095,912 (-19% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.8 miles — 1,605 listings ($903,657,664 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85284Tempe, AZ 852840.0 mi54$61,213,968$790,000$1,133,592
85224Chandler, AZ 852243.5 mi96$48,756,960$459,900$507,885
85282Tempe, AZ 852823.9 mi110$52,130,870$484,250$473,917
85202Mesa, AZ 852024.7 mi98$38,336,228$334,777$391,186
85225Chandler, AZ 852256.1 mi168$80,146,752$460,000$477,064
85281Tempe, AZ 852816.3 mi93$53,890,524$479,950$579,468
85042Phoenix, AZ 850426.8 mi163$93,196,065$465,000$571,755
85233Gilbert, AZ 852337.2 mi110$63,835,200$532,500$580,320
85201Mesa, AZ 852018.3 mi82$31,522,850$349,000$384,425
85257Scottsdale, AZ 852578.8 mi192$112,714,368$640,000$587,054
85248Chandler, AZ 852489.3 mi335$200,573,880$515,000$598,728
85045Phoenix, AZ 8504510.3 mi35$24,686,200$620,000$705,320
85203Mesa, AZ 8520310.8 mi69$42,653,799$525,000$618,171

Frequently Asked Questions

How many homes are for sale in TEMPE, AZ 85284?

As of February 2026, there are 56 active listings in TEMPE, AZ (zip code 85284), compared to 40 the prior year.

What is the median home price in TEMPE, AZ 85284?

The median listing price in TEMPE, AZ 85284 is $757,450 as of February 2026, a 23.4% decrease from $988,675 the prior year.

How long do homes stay on the market in TEMPE, AZ?

Homes in TEMPE, AZ 85284 spend an average of 48 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in TEMPE, AZ 85284?

Based on current inventory and days-on-market data as of February 2026, TEMPE, AZ 85284 is currently a Balanced Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are selling faster, averaging 48 days on market compared to 53 days last year.

How much can I save on real estate commission in TEMPE, AZ?

With SELL123.com's maximum 3% commission, sellers in TEMPE, AZ 85284 save an estimated $15,149 compared to a typical 5% commission on the median listing price of $757,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.